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With DKB, there is no account opening fee and no monthly or yearly fee. Even the VISA card is always free. You can withdraw cash with the VISA card from any cash machine worldwide and mostly pay no fees – some countries still take fees for credit card withdrawals. But these fees are not taken by DKB, just from the third-party ATM service.
The 5 minute registration process can be done online, you will only need to identify yourself either via an online service or via PostIdent, which is a check of your passport at a local post office.
Once you have created the checking account, you can easily set up a free savings account (Tagesgeldkonto) with currently 3.5% p.a. on your deposit.
Cash Withdrawal | free in EU / 1.75% in the rest of the world |
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For travellers, exchange students and expats it is often very inconvenient to withdraw cash in a foreign country. If your home bank offers partnerships with banks in the respective country, they are usually not widely available and not close by. However, withdrawing cash from a cash machine that is not in your bank network might amount to high fees.
For these reasons, we were very excited when we found out about the DKB Cash account with a free VISA card for free worldwide cash withdrawal. There is no account opening fee and no monthly or yearly fee. Even the VISA card is always free. You can withdraw cash with the VISA card from any cash machine worldwide and mostly pay no fees – some countries still take fees for credit card withdrawals. But these fees are not taken by DKB, just from the third-party ATM service.
The 5 minute registration process can be done online, you will only need to identify yourself either via an online service or via PostIdent, which is a check of your passport at a local post office. Try it out and let us know what you think!
DKB also offers a trading account (Depot) that you can open once you have the “DKB-Cash” account. If you would like to know more about trading accounts in Germany and which providers could be an option for you, read our overview of German online broker accounts.